TSMC's solid results bode well for one of its largest customers, which currently dominates the market for AI chips.

Taiwan Semiconductor Manufacturing Company (TSMC) said on Tuesday it has informed the United States of a potential attempt by Huawei to circumvent U.S. export controls prohibiting the chipmaker from producing AI chips for the Chinese company.

TSMC, the world's largest contract chipmaker, bet on sustaining its strong growth, after reporting on Thursday a forecast-beating 54% jump in quarterly profit driven by soaring demand for chips used in artificial intelligence (AI).

The demand for AI "is real," said CC Wei, TSMC's chairman and CEO.

TSMC's blockbuster results should be a welcome surprise to investors after ASML's earnings sent semiconductor stocks tumbling earlier this week.

Nvidia (NVDA) CEO Jensen Huang says a flaw in Blackwell AI chips that impacted production has been fixed with TSMC’s (TSM) help and the issue was “100% Nvidia’s fault,” Reuters’ Jacob Gronholt-Pedersen and Supantha Mukherjee report.

Taiwan Semiconductor Manufacturing Company (TSMC) said it has informed the United States of a potential attempt to have it manufacture AI chips for China's Huawei in circumvention of export controls,

Taiwan Semiconductor Manufacturing Company has reportedly informed the U.S. government about a potential attempt by Huawei to have it make artificial intelligence chips for the sanctioned Chinese tech giant.

Chinese foundry Semiconductor Manufacturing International (SMIC) has found itself in a precarious position following a recent TechInsights teardown report concerning a TSMC-manufactured 7nm chip in a Huawei AI accelerator.

With a near monopoly on advanced chip manufacturing and packaging, it is no wonder that during the AI boom that the world’s largest foundry is not only